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3 years ago

6

When a majority shareholder of a close corporation misappropriates company funds, the injured minority shareholders can have the

ir shares and be paid the fair-market value for them?

1 answer:

telo118 [61]3 years ago

5 0

Misappropriation of close corporation funds.

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Although income is earned continuously, companies measure income for a specific period of time. Accountants refer to this practi

motikmotik

Answer: Time period assumption.

Explanation:

The time period assumption is an accounting standard that enables businesses to record their financial activities for a given time frame ( it could be a measure of either yearly, half yearly, monthly, weekly or daily financial activities).

3 0

3 years ago

Carol wants to invest money in a 6% CD account that compounds semiannually. Carol would like the account to have a balance of $1

Luba_88 [7]

Answer:

the formula for compound interest future value is S=P*((1+i)exp n)-1/i)expt

Explanation:

The answer is $6,186

130000=X*((1+0.06)exp 14)-1/0.06)

X= 6,186

3 0

4 years ago

Which term describes assets earned from operations that's have been reinvested into business

yanalaym [24]

An asset earned from operations is known as revenue, or more precisely as net income (the net value of assets earned (revenue) minus assets sacrificed (expenses)). A percentage of this net income is given back to shareholders as dividends. The portion that stays in the company, presumably to be reinvested into the business, is called Retained Earnings.

6 0

3 years ago

If you decide to buy one of these TVs, what statistic is most relevant, other than the measures of central tendency? Choose t

kupik [55]

Answer:

A. The lowest price is a relevant statistic for someone planning to buy one of the TVs.

Explanation:

The measures of central tendency refers to the measurement of data by considering the mean, median and mode so that it could estimate the sample data based on this measures

In order to decide to buy one of these TV the statistic that is should be considered and ignore the central tendancy measures is the price that is lesser to buy one of the TVs.

hence, the correct option is A.

4 0

3 years ago

Logan and Johnathan exchange land, and the exchange qualifies as like kind under § 1031. Because Logan's land (adjusted basis of

ZanzabumX [31]

Answer:

a. Logan's recognized gain is $38,600

b. Logan's recognized gain is $23,160

Explanation:

a. If the worth of the land for Jonathan is $183,350, then the gain recognized by Logan would be;

the lower of the realized gain between the amount realized of $231,600 - adjusted basis of $193,000 = $38,600

or the fair market worth of the received boot i.e $48,250.

Therefore, Logan's recognized gain is $38,600

b. Suppose Jonathan's land is worth, $208,440, then we can calculate Logan's recognized gain to be ;

the lower of the realized gain I.e amount realized of $231,600 - adjusted basis $193,00 = $38,600

or the fair market value of the received boot I.e $23,160 .

Therefore, Logan's recognized gain is $23,160

6 0

3 years ago